The Need For Relaxation Of Government Norms In The Heavy Mineral Mining Industry
In earlier times, countries like Australia, Canada, America and South Africa were leading in the field of heavy mineral mining and India was on the 21st place. However, after the inception VV minerals stands on the 5th position among the world’s heavy mineral producers. This company was started by Mr. S. Vaikundarajan.
Now, the company has eminent personalities that help in the growth and development of this company. Some of the prominent figures in the top management of VV Minerals India are Mr. J. Muthurajan and Mr. V. Subramanian and Mr. Jeegathesan. The beach sands of India are abundantly rich in mineral contents, but, it is not used for the right purposes. In fact, they are used for filling of pits and construction purposes. This poses as waste of resources. Also, the excise duty and service tax on mineral producers is unnecessarily high. The private heavy mineral manufacturers like VV Minerals, India have to compete with international markets. For the sake of development of these remote areas and the state economy, and ultimately the country’s economic benefit, there needs to be relaxation in the norms of this industry.
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